May

14

Brendan Simms likes to refer to Germany and the Holy Roman Empire as a force multiplier and their 10 year bund has had a range of 200 points in a day compared to ours of just 50 points in a day recently.

anonymous writes: 

A very sagacious Dailyspec contributor recently stated that when we look back in a few years from now, the Bund will be remembered as the JGB was in the 1990's– as a graveyard of bond bears.

I have no idea beyond the next 36 hours but I do remember the JGB debacle….

Arguably, if my oft stated view that the European (and soon US) banking systems are to be 'Japanified' proved to be correct, then the above will certainly be true as the banks go further and further out the curve to pick up a basis point or two.


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search